$CFX

Here is a comprehensive update on $CFX (Conflux) as of August 4, 2025:

📈 Price Performance

The current CFX price is around 0.2106 USD with a slight decrease of around -1.8% over the past 24 hours

Over the past week, it is up 13-14%, outperforming general cryptocurrency indices that have seen declines

Within the month, it jumped more than 190% driven by significant developments and announcements

📰 Drivers of the recent rally

China-related hype: Leaks and reports that Chinese authorities may have started accepting some forms of cryptocurrencies, fueling optimism towards Conflux as a platform that is compliant with local regulations

AxCNH launched: HKD-backed digital stablecoin testbed aims to serve settlements in BRI regions such as Singapore and Malaysia, backed by AnchorX and Dongxin Heping

Conflux 3.0 (Tree-Graph 3.0) major upgrade is approaching: A technical upgrade that includes a move to Proof-of-Stake, Ethereum compatibility, the ability to process up to 15k transactions per second, and broader support for DeFi applications and real assets

⚙️ Network Status and Warnings

Despite the high price, activity on the network is still low compared to 2022 averages, with daily transactions still well below even previous values

Concentration of use issue: About 80% of gas consumption comes from just three accounts, raising concerns about centralization - unlike Ethereum where the largest account does not exceed 10% of total consumption

🧠 Upcoming areas and risks

Catalyst Expected impact

Tree-Graph 3.0 launches support for smart apps, DeFi, cross-border payment facilities and real assets

AxCNH expands testing for cross-yuan settlement outside China, an important sales driver

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